Which of the following is the correct definition of a "seller" in a legal agreement?

In a legal agreement, the definition of a "seller" specifically refers to a person or entity that offers goods or services to another party in exchange for payment or some form of compensation. This definition encompasses not only the act of selling tangible products but also the provision of services. The seller initiates the transaction by providing the goods or services that the buyer intends to purchase.

Understanding the role of a seller is fundamental in legal agreements, particularly in contracts for the sale of goods or services, where specific obligations and rights are established for the seller. This role inherently involves a commitment to deliver the offered goods or services as described in the agreement. The legal framework around selling ensures that sellers adhere to certain standards of performance and disclosure, fostering trust and reliability in commercial transactions.